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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net loss $ (103,916) $ (55,577)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,318 1,289
Stock-based compensation expense 7,635 2,623
Amortization of premium on short-term investments (1,871) (1,589)
Loss on disposal of property and equipment 13 127
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 2,759 (5,003)
Accounts payable (4,452) 4,383
Accrued expenses and other liabilities 2,315 3,042
Deferred revenue (569) (1,890)
Deferred rent 410 10,033
Net cash used in operating activities (91,358) (42,562)
Cash flows from investing activities:    
Purchases of short-term investments (286,391) (245,328)
Maturities of short-term investments 256,425 148,480
Purchases of property and equipment (21,833) (24,939)
Net cash used in investing activities (51,799) (121,787)
Cash flows from financing activities:    
Proceeds from issuance of common stock in initial public offering, net of discounts and issuance costs   150,843
Proceeds from issuance of common stock in follow-on public offering, net of discounts and issuance costs 134,524  
Proceeds from issuance of common stock from option exercises 351 87
Proceeds from issuance of common stock pursuant to employee stock purchase plan 829  
Proceeds from issuance of restricted common stock   64
Net cash provided by financing activities 158,213 150,994
Net change in cash, cash equivalents and restricted cash 15,056 (13,355)
Cash, cash equivalents and restricted cash, beginning of period 39,992 53,347
Cash, cash equivalents and restricted cash, end of period 55,048 39,992
Supplemental disclosures of noncash investing and financing activities:    
Reclassification of liability for common stock vested 60 75
Property and equipment additions included in accounts payable 455 9,127
Property and equipment additions included in accrued expenses and other liabilities 249  
Unrealized gain on available for sale securities, net 260 (4)
Offering costs included in accrued expenses and other liabilities 100  
ATM    
Cash flows from financing activities:    
Proceeds from issuance of common stock in follow-on public offering, net of discounts and issuance costs $ 22,509  
Series A Convertible Preferred Stock | Initial Public Offering    
Supplemental disclosures of noncash investing and financing activities:    
Conversion of convertible preferred stock into common stock upon initial public offering   42,994
Series B Convertible Preferred Stock | Initial Public Offering    
Supplemental disclosures of noncash investing and financing activities:    
Conversion of convertible preferred stock into common stock upon initial public offering   $ 94,768